Used cars from japan leasing

[yousufkazmi2137]

i wan't to know that can this particular car be leased or not ?

the car is 'TOYOTA corolla model 1995' (japan assembled,)

[beeberg]

according to my knowledge more than 5 years old car can not be leased from bank.
you can get personal loan for this car.
but as it is reconditioned one so dont know exactly about it.
you will need to confirm it from bank.

[kami26]

no 95 rolla can not be leased from any bank or leasing company in pakistan..........

[gttx]

I am a banker. As per State Bank regulation more than 5 yrs old cars cannot be financed.

You can get personal loan to finance this car. However clean personal loan amount will not exceed PKR 500,000/- and even if a bank is willing to take that much exposure on you with security the interest rate will be very high. 18% plus.

You may get a loan against some investments if u have any (such as govt. saving certificates, NIT units, shares etc)

Or get financing against property. That way you can secure a cheaper rate and get large amounts.

Another good option (a bit expensive than standard leases) is if you have another car at home (not older than 5 yrs) then you can get financing against that. The bank will sale & lease back that car to you and in return you get cash and drive car at the same time. Checkout UBL for this offer.